Pennsylvania Entrepreneur Secures Financing to Buy Quiznos Franchise

Need money to buy a Quiznos franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Quiznos franchise? If so, here's a 2003 SBA franchise loan that you should know about. Commerce Bank was the lender and the entrepreneur was based in Kennett Square, Pennsylvania.

SBA Loan Borrower

QUIZNO'S SUBS
KENNETT SQUARE, PA 19348

SBA Loan Lender

COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/18/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Quiznos franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Kennett Square PA, you ought to talk with a local Kennett Square SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kennett Square businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

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Where to Get an SBA Loan Pennsylvania